Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 6.9% on Disappointing Earnings

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price dropped 6.9% during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $4.6210 and last traded at $4.6250. Approximately 5,966 shares were traded during trading, a decline of 85% from the average daily volume of 39,080 shares. The stock had previously closed at $4.97.

The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Koninklijke KPN Stock Down 4.0%

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The firm’s 50-day moving average is $4.59 and its two-hundred day moving average is $4.66. The stock has a market cap of $18.55 billion, a P/E ratio of 21.68 and a beta of 0.28.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.